PDD Holdings Stock Drops on Revenue Concerns

PDD Holdings Misses Revenue Estimates

PDD Holdings, a major player in the Chinese e-commerce market, recently reported its second-quarter results, revealing a revenue shortfall that disappointed analysts and investors alike. The company posted a revenue of RMB97.06 billion, marking an impressive 86% year-over-year growth. However, this figure fell short of the anticipated RMB99.42 billion, causing its stock to tumble by over 25%.